I looked up the other mutual funds suggested by Essence and once I eliminated the funds which had to have a broker and the mutual funds that had a minimum I was only left with fund #1.
In the end, the funds were under $20, but the funds did not do any good if the minimum investment was over $50, since that is what my initial investment will be.
I tend to learn more by putting my feet into the water than standing by and watching other people swim. But if I pick a fund I want it to be for the long run…. So I want to have more than one choice for a cheap low-cost fund with no minimum investment.
I’ll keep on looking.
In the meantime, I need to decide on who I’ll go through to get the fund.
All in all, the more I read about investing, the more difficult it is becoming. I’m sure that will change once I actually make a choice.
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